China Sports Industry Group Co.,Ltd. Posted 50.7 Million Yuan Net Loss in First Quarter of 2023

China Sports Industry Group Co.,Ltd. (中体产业集团股份有限公司) (600158.SH) reported a net loss of 50.7 million yuan in the first quarter of 2023, narrowing 9.9% year-on-year.

Meanwhile, the company posted 236.7 million yuan in revenue, up 15.4% year-on-year.

At the end of the reporting period, it had 7.1 billion yuan in total assets and 3.8 billion yuan in total liabilities, with a liability-to-asset ratio of 53.3%.